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Fuel oil consumption tax returned to Shenyang Chemical
Source: 威尼斯app官方-威尼斯城vnsc登入平台 Date: 2013-08-15

At present local tax department has approved to rebate 10.56 million yuan fuel oil consumption tax paid by our company for purchase.

According to the relevant provisions in the Notice on Continued Implementation of Naphtha Fuel Oil Consumption Tax Policy (Caishui [2011] No.87) and the Announcement on Tentative Regulation Release for Consumption Tax Refund (Exemption) of Naphtha and Fuel oil for the Production of Ethylene and Aromatic Hydrocarbon Chemical Products (caishui [2012] No.36) jointly issued by the Ministry of Finance, the Peoples Bank of China, and the State Administration of Taxation, the local tax department, which Shenyang Paraffin-wax Chemical Co. Ltd. -------a subsidiary wholly-owned by Shenyang Chemical belong to, has agreed to refund fuel oil consumption tax totaling 10.56 million yuan incurring from Jan to Apr. of 2013 due to the purchase for the production of ethylene and aromatic chemicals. At present this amount has gone into the account.

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